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20130115
20130123
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KRCB (PBS) 28
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Search Results 0 to 27 of about 28 (some duplicates have been removed)
our competitive edge. some say it's because america's fragile economy is a distraction for corporate america. others point to our inferior infrastructure and sub-par public education. but adam segal, author of "advantage," says the big problem is others are gaining ground. >> we have been kind of running in place for the last three or four years because of the recession, spending on r&d, and big ideas seem to be fairly scarce while china just continues to funnel more and more money into it. >> reporter: still many argue the u.s. will always be extremely competitive because we are t most innovative country in the world. what better place to witness innovation at work than at i.b.m. in westchester county, new york. this is the home of watson, big blue's super computer. watson was clever enough to beat "jeopardy" champions at their own game just a few years ago. now, i.b.m. researchers are working on new uses for the brainiac computer, particularly in the field of medicine. bernie meyerson calls himself i.b.m.'s head geek. he says innovation is critical for companies and societies to su
, has the u.s. economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> m: that anmore tonight on n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered the plane out of the air after two incidents where lithium ion batteries overheated. boeing says it is confident the 787 is safe and says it stands behind the plane's overall integrity. this is only the second time in more than 30 years that regulators have grounded a plane. darren gersh reports. >> reporter: boeing has spent more than $30 billion developing the 787 dreamliner. one reason for the high cost is boeing's decision to upgrade the hydraulics and other mechanical systems with next-generation technology that runs on electricity. >> you've got generators on board the aircraft that are powering the systems
is the cruise business these gays? given the weak economy, how are bookings? >> you know, we're feeling pretty good. we're filling our ships every single week with consumers that are having a ball and going off the ships and talking to their friends and neighbors and that's what's driving us gluldz you do interact a lot with consumers, what's your take on consumers? are they willing to spend money to go on a vacation or are stay teastill cautious they don't want to splurge on a big trip? >> i think consumers have had a tough run and now they know what their tax situation is of for 2013 based on what happened in washington recently, and the ones work say i have nigh job, interest rates are low. it's not that bad. i want to take my vacation. >> susie: is business strong enough that you're going to add some jobs and what are your hiring plans? >> every time we launch a new ship, it brings on a lot more employees. we're 20,000 strong at this point. and if you think about there are a couple of thousand that come along with each new ship we're building in the future here. >> susie: kevin, thank you
catastrophic results for many americans and the overall economy. he warned markets would go haywire if congress does not act, interest rates would rise, and checks to social security beneficiaries would stop. and he said even thinking about the u.s. not paying its bills is irresponsible and, "absurd". darren gersh reports. >> reporter: in his first news conference of the new year the president gave a harsh lecture to republicans about the need to raise the debt ceiling and he once again said there was no way he'd negotiate with congress about something it should do anyway. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> reporter: republicans called the president hypocritical for saying he will not negotiate over the debt limit while blasting republicans for refusing to negotiate. and they fired back that the debate over the debt ceiling was the perfect time to consider legislation to cut spending.
for the first time in three years as european credit woes continue to weigh on the global economy. officials announce on tuesday that nearly 200 million people worldwide were jobless in 2012. that's an increase of more than 4 million from the previous year. officials say unemployment grew not only in western countries but also in east asia and the middle east. nay say european debt problems affected emerging economies by hurting trade. youth unemployment is also on the rise. people aged 15 to 24 are counted for over a third of the tot number. officials are urging governments to boost job training programs for young people. looking ahead officials say global unemployment will continue to rise this year to over 220 million. they site the sluggish global economic recovery as a reason. south korean journalts have voted toyota motors camry car of the year. representatives from the japanese automaker collected the trophy for the u.s. built sedan at a ceremony in seoul. the journalists praised the cars price competitiveness. it beat 44 models introduced last year including vehicles by bmw. toyota e
could hurt the u.s. economy. >> susie: and from chipotle to dunkin' donuts, did fast food chains meet investors' appetites for big returns? we're talking food stocks. >> tom: that and more tonight on "n.b.r."! >> tom: we begin with banking. two giant financial powerhouses reported big gains in fourth quarter earnings today. j.p. morgan chase booked its third straight year of record profits. and goldman sachs reported fourth quarter earnings that were almost triple the same period a week ago. erika miller reports. >> reporter: before we get to jp morgan's profits, let's talk about the earnings of it's c.e.o., jamie dimon. the board cut his pay in half as punishment for a more than $6 billion loss at j.p. morgan's london trading desk. but dimon will still pocket a $10 million bonus. add on $1.5 million in salary, and his total compensation was $11.5 million last year. >> we don't think it's inappropriate, what the board did. butt the end of the day jamie dimon is stl doing pretty well for himself. he's not exactly living out of a refrigerator box on park avenue. >> reporter: at the same
's newshour. >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: battle lines were drawn at either end of pennsylvania avenue today over the national debt and government spending. the opening shots came from president obama at his white house news conference. >> i thought it might make sense to take some questions this week as my first term comes to an end. >> brown: the questions were dominated by the looming debt ceiling fight. the president sternly warned republicans not to balk at raising the nation's borrowing limit. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well bei
to raise taxes created a dilemma in the world's ninth largest economy. with budget cuts coming like ock work, the state's college and university systems declined in offerings and in reputation. schools suffered cutbacks in personnel and programs. services for the poor were trimmed by $15 billion since 2008. state workers were furloughed. then in 2010, promising to use his long honed political skills to fix the state, jerry browne, a democrat, was elected governor. 30 years after he held the job in the '70s. he faced a $26 billion deficit and started making more cuts and changes like transferring inmates from the state's overcrowded prisons to county jails and closing down local redevelopment agencies using the money for the state budget. meanwhile, the economy started to improve in fits and starts bringing in more tax revenue. but it all wasn't enough. brown proposed to california voters a measure to raise income taxes on the wealthy and sales taxes for everybody. to the feun of $5.6 billion. brown campaigned vigorously from what was called proposition 30 in last november's ballot. >> l
the regional economy continue to gradually grow. in japan machinery orders will be released. this iortant gauge showed a 2.6 month on month increase in october. on friday china will announce gdp data for 2012 as well as for the whole year. between july and september gdp expanded 7.4% from a year earlier. now just a few minutes ago i read that the dollar is trading at a 2$2.5 year low. that dollar is trading at a 2.5 year high. here is the market recaps. >>> japan women want to have place to turn for help. 25 institutions in japan now offer invitro fertilization. they have to find their own donor. donors will have to younger than 35 years old. they must already have children and be willing to donate eggs without compensation. recipients must be under 40 and they must have illnesses or genetic abnormalities that prevent them from conceiving. donors won't be allowed to meet the recipients, but the children will be allowed to see details about the donor when they turn 15. >>> thousands of people waiting to go home. tons of debris waiting for disposal. vast tracts of land awaiting to be restored. ov
of the economy is largely unchanged. the central bank released its economic report on wednesday. the report is based o surveys in 12 federal reserve districts. manufacturing activities are mixed while employment conditions are relatively unchanged from the previous report in november. holiday sales were modestly higher than in 2011 although the figures were below expectations. the overall sassessment is generally positive. it says firms doing business in europe are those in the defense sector might delay hiring workers and that consumers may reduce spending. it's time to get a check on the markets now. let's take a look at the currency market. the dollar is trading above the mid 88 yen level. tokyo traders are seeing a halt in the yen's gain. this follows recent cautious remarks from cabinet ministers about a weak yen. the euro is higher against the yen. tokyo share prices are higher today. the nikkei average is at 106,872 106,872. market participants say the yen's pull back prompted investors to buy up export related issues. taking a look at other markets. south korea's kospi trading high
of average, everyday, ordinary americans help turn around this economy and get it growing again. you know, in first inaugurals, it's about a transition of power, peaceful transition of power. in this inaugural, it's really about the continuation of this president's legacy and his vision for the country. >> suarez: mr. obama will actually be sworn in sunday, in private, to meet the constitutional requirement for the oath on the 20th. then, he'll take the oath in public the next day. in a way, he will become the first president since franklin d. roosevelt to take the oath of office four times. in 2009, he took the oath twice because, in a do-over, performed the day after chief justice john roberts tripped on his lines during the first inauguration. >> within a few days, the president will be walking from that part of the capitol right here, and then down these airs. >> suarez: new york democratic senator chuck schumer is chairman of the joint congressional committee on inaugural ceremonies, which oversees all of the inaugural rituals related to the capitol. >> there's no tanks in the street
, the others, to say we're never going to restore a decent economy here if working people have no rights. if people can't bargain with their employers, there's no place in the world where people who can't bargain raise their wages. in fact they get wage cuts on a continuing basis. and so i think that our strategy is to link core issues together so that it's not just quote, "labor," or particularly organized labor, as you said 12%, and that includes the public sector. private sector's under seven percent. it's notust labor talking about work's rhts. it's a of who have a vision of economic justice, let's do something about economic inequality. let's figure out how to stimulate the demand side of the economy because you need rising wages to have rising demand to get the economy going again. i think it's that kind of an agenda. and you know, in our view, what we talk to our members about, i was at a meeting in california of young new stewards on saturday, is this is seven to ten years. and, you know, i've been doing this my whole life. and i may not be there at the end of that period, but i
.s. economy. >> so we got to pay our bill its. and republicans in congress have two choices here. they can act responsibly and pay america's bills, or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leveraged to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly because time is running sht. >> rose: other topics included the ongoing debate on gun control, and the lack of diversity in the second term appoint ease. joining me from washington al hunt of bloomberg news and from the white house major garrett of cbs news. thank you. al better i start with you. characterize for me the president in temperment and in words on the bet dealin dealing -- ceiling. >> charlie, i think he realizes he has a winning hand substantively on this and there will be caveats in just a moment. i was truck,-- struck, however that what this really, his last press conference his firs
is working very past to become an information economy without being an information society. they want to be a 21st century economy with a 20th century political system and we saw that right after we put the report out you suddenly had these demonstration i assure you we had no part in against censorship in china and one of the first major decisions made was the new prident was to gt out there and say the chinese communist party will not tolerate unorthodox situate in the press or in the media .. >> but i mean that is the fear it would undermine the power of the communist party. >> that's right. >> that was always the fear. >> and i think in an environment where you have hundreds of millions of chinese on twitter, that increasingly are learning their government officials are worth billions of dollars. >> rose: basically you are saying their fear is legitimate. >> i think their fear is legitimate, i don't think the country is going to fall apart. >> rose: butery rong protesmoveme that has legs could provide a challenge over -- >> that's right. and they are so unwilling to risk that, the
by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. a... >>hisrogram was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: algeria's state news agency now says special forces have completed a mission to rescue dozens of foreign hostages, including some americans. they'd been held by militants tied to al-qaeda. but there are wildly varying accounts of how many got out alive, and how many were killed. >> because of the fluidity and the fact that there is a lot of planning going on, i cannot give you any further details at this time about the current situation on the ground. >> brown: even this afternoon, as secretary of state hillary clinton suggested, the situation in algeria remained confused. the focus was this natural gas compound in the sahara d
, brought in bob gates and began to move to slightly more of a center position before the economy collapsed. >> rose: so what's the challenge for president obama in the second term? >> it's mense, brendan sullivan one of the great defense lawyers here in washington always says when you're in a negotiation and you have the upper hand as obama has had in the first term and may continue in the second term, when you have that upper hand and you beat your opponent you need to let them leave the field with dignity. and that is not obama's style. if you google "obama rebukes republicans" it goes on and on andn. he is always going after the people -- his beating. just a tactically i think that's a mistake and hopefully it will change. on the foreign affairs front if you talk to the intelligence people they say that the world is increasingly dangerous, you have meltdown situations potential meltdown situations not just in syria and the middle east, pakistan, north korea whh hashe bomben like iran and that is just ticking away. there's the egypt problem, there's what's going on recently in algeria an
on the economy, in terms of housing, mortgages, hiring, and we watch that trading activity in the last quarter. >> susie: and we'll have all of those numbers tomorrow. that's "nightly business report" for tonight, tuesday, jnuary 15. have a great evening, everyone. see you tomorrow, tom. have a great evening, everyone. and you, too, tom. >> tom: good night, susie. we'll see you online at www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org
financials are a significant sector in the overall market, and they have the pulse on the economy, in terms of housing, mortgages, hiring, and we watch that trading activity in the last quarter. >> susie: and we'll have all of those numbers tomorrow. that's "nightly business report" for tonight, tuesday, january 15. have a great evening, everyone. see you tomorrow, tom. hae a great evenin everye. and you, too, tom. >> tom:ood night, susie. we'll see you online at www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org
economy for 160 years. bnsf, the enginehat nnects us. >> support also comes from carnegie corporation of new york, a foundation created to do what andrew carnegie called "real and permanent good." celebrating 100 years of philanthropy at carnegie.org. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your bs station om viewers like u. thank you. captioning sponsored by macneil/lehrer productions captioned by media access group at wgbh access.wgbh.org
this era of underemployment and structural issues in the economy. >> you think the ipad is the most important new development since the i.b.m. p.c.? >> i do. >> rose: because? >> because it -- i'll start with if you lk at the ti of day the most common time of day for people to use their ipad is between 6:00 p.m. and when they go to sleep. when what is that known in your line of work? that's known as prime time. and it turns out the ipad isn't the second screen when people are watching t.v. for people over the age of 40, when they're in bed watching t.v. with their ipad, the ipad's actually the thing they're paying attention to and the t.v. is the background noise, if something happens they look up and look at it. why is that important? first of all could you have imagine five years a that there would be a product that would go from zero to 50 million yunz overnight and the single most common thing to do would be to read in the bed at night? a technology product? that was to me unimaginable five years ago. so i look at this and i wonder what is there anything it cannot do that's usef
newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: washington and the nation were witness again today to the quadrennial pomp and color of a presidential inauguration. it marked the public start to the second obama administration, and it featured presidential appeals to extend prosperity and full freedoms to all americans. as the sun rose over the nation's capital on this monday hundreds of thousands of people began descending on the national mall to witness the occasion. officials estimated 500-700,000 attendees. that was far fewer than four years ago when nearly two million turned out. but today's crowd gave no hint of diminished enthusiasm for t
economy requires railroads and highways to speed travel and commerce, schools and colleges to train our workers. gether we discovered that a free market only -- and fair play. together we resolve that a great nation must care for the vulnerable and protect its people from life's worst hazards and misfortunes. through it all we have never relinquished, nor have we succumb to the fiction that all society's ills can be cured through government alone. our celebration of initiatives and enterprise, our insistence on hard work and personal responsibility, these are constant in our character. we have always understood that when times change so must we. that fidelity to our funding principles requires new responses to new challenges. our individual requires collective tion, the american people can no more meet the demands of today's world by acting alone than american soldiers that met the forces of fascism or communism with musicales and militias, no single person can train all the math and science teachers we'll need to equip our children for the future or builds the roads and networks and re
Search Results 0 to 27 of about 28 (some duplicates have been removed)